The School Board of Miami-Dade County
Bylaws & Policies
Unless a specific policy has been amended and the date the policy was revised is noted at the bottom of that policy, the Bylaws and Policies of the Miami-Dade County Public Schools were adopted on May 11, 2011 and were in effect beginning July 1, 2011.
 

6114 - COST PRINCIPLES FOR FEDERAL FUNDS

The Superintendent is responsible for the efficient and effective administration of Federal grant funds through the application of sound management practices. Such funds shall be administered in a manner consistent with all applicable Federal, State and local laws, the associated agreements/assurances, program objectives, and the specific terms and conditions of the grant award.

Cost Principles

Except where otherwise authorized by statute, costs shall meet the following general criteria in order to be allowable under Federal awards:

 A.Be necessary and reasonable for proper and efficient performance and administration of the Federal award and be allocable thereto under these principles.

 B.Conform to any limitations or exclusions set forth as cost principles in 2 C.F.R. Part 200 or in the terms and conditions of the Federal award.

 C.Be consistent with policies and procedures that apply uniformly to both Federally-financed and other School Board activities.

 D.Be afforded consistent treatment. A cost cannot be assigned to a Federal award as a direct cost if any other cost incurred for the same purpose in like circumstances has been assigned as an indirect cost under another award.

 E.Be determined in accordance with generally accepted accounting principles.

 F.Be representative of actual cost, net of all applicable credits or offsets.

 G.Not be included as a match or cost-share, unless the specific Federal program authorizes Federal costs to be treated as such.

 H.Be adequately documented in the case of other costs, all receipts and other invoice materials shall be retained, along with any documentation identifying the need and purpose for such expenditure if not otherwise clear.

Period of Performance

All obligations must occur on or between the beginning and ending dates of the grant project (Period of Performance). The Period of Performance is dictated by statute and will be indicated in the grant award notification (GAN). Obligations may begin, however, prior to the beginning date when an agreement exists with the granting agency. All obligations shall be liquidated as determined by the granting by the granting agency.

2 C.F.R. 200.403-.406, 200.413(a)-(c), 200.430(a), 200.431(a), 200.458
2 C.F.R. 200.474(b)

Adopted 10/5/16

© Neola 2016